The York Water Company (NASDAQ:YORW) has been given a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation.

Analysts have set a 12 month consensus target price of $27.00 for the company, according to Zacks. Zacks has also given The York Water an industry rank of 205 out of 265 based on the ratings given to its competitors.

Several brokerages have recently weighed in on YORW. BidaskClub downgraded shares of The York Water from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of The York Water from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th.

A number of hedge funds have recently bought and sold shares of the stock. Aperio Group LLC increased its stake in The York Water by 2.1% in the 2nd quarter. Aperio Group LLC now owns 5,988 shares of the utilities provider’s stock worth $209,000 after buying an additional 123 shares during the period. First Midwest Bank Trust Division grew its holdings in The York Water by 3.9% during the 2nd quarter. First Midwest Bank Trust Division now owns 10,164 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 386 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in The York Water by 2.9% during the 1st quarter. JPMorgan Chase & Co. now owns 16,137 shares of the utilities provider’s stock worth $566,000 after acquiring an additional 451 shares in the last quarter. American International Group Inc. grew its holdings in The York Water by 7.0% during the 1st quarter. American International Group Inc. now owns 7,913 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 516 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in The York Water by 8.4% during the 2nd quarter. Stifel Financial Corp now owns 7,106 shares of the utilities provider’s stock worth $252,000 after acquiring an additional 551 shares in the last quarter. 35.39% of the stock is currently owned by institutional investors.

Shares of The York Water (NASDAQ YORW) traded up 0.71% during midday trading on Wednesday, reaching $35.30. 21,213 shares of the company’s stock were exchanged. The York Water has a 12-month low of $28.61 and a 12-month high of $39.86. The stock has a market cap of $453.50 million, a PE ratio of 37.96 and a beta of 0.58. The stock’s 50 day moving average is $33.34 and its 200-day moving average is $34.56.

The York Water (NASDAQ:YORW) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The York Water had a net margin of 25.05% and a return on equity of 10.52%. The business had revenue of $12.30 million for the quarter, compared to the consensus estimate of $12.21 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts expect that The York Water will post $0.96 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, September 28th. The York Water’s dividend payout ratio is presently 68.82%.

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About The York Water

The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.

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